And explain why?

Partial Question 2 1.33/2 pts Check all that apply. Which of the following is/are true about Purchase Price Multiples (PPMs)? They tend to be high when PE firms have a lot of "dry powder". They tend to relatively high when credit markets are tight. The tend to move in the same direction as Debt/EBITDA multiples. The tend to be greater than Deb/EBITDA multiples. They are relevant to financial buyers but not to strategic buyers